August's JPMorgan Global All-Industry Output Index came in at 55.2, up from 54.0 in July and its highest level since February 2011. New order growth also hit a 30-month high, stimulating one of the steepest gains in payroll numbers for over two years.
The Global All-Industry Output Index* is produced by JPMorgan and Markit in association with ISM and IFPSM.
The upturn in output remained broad-based, with growth registered in both the manufacturing and service sectors. The US, the UK and Ireland recorded the fastest growth rates of all-industry output of all the nations covered.